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Information related to Blue Co. is presented below. On April 5, purchased merchandise...

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Accounting

Information related to Blue Co. is presented below.
On April 5, purchased merchandise on account from Teal Mountain Company for $32,800, terms 210, net ?30, FOB shipping
point.
On April 6, paid freight costs of $830 on merchandise purchased from Teal Mountain.
On April 7, purchased equipment on account for $42,500.
On April 8, returned $6,800 of merchandise to Teal Mountain Company.
On April 15, paid the amount due to Teal Mountain Company in full.
(a)
Your answer is partially correct.
Prepare the journal entries to record these transactions on the books of Blue Co. under a perpetual inventory system. (List all
image

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